Tanger Factory Outlet Centers, Inc. (/ˈtæŋər/ TANG-ər;[2]
NYSE: SKT) is a real estate company that owns the chain Tanger
Outlets, an outlet mall company headquartered in Greensboro, North
Carolina.
The company derives its name from founder
Stanley Tanger who opened
the Burlington Manufacturer's Outlet Center (BMOC) in Burlington,
North Carolina, in 1981.[3] As of 2011, the company has 35 centers in
24 states.[3]
The company operates as a REIT. In June 1993 it became the first
publicly traded outlet company when it was listed on the New York
Stock Exchange.
As of December 31, 2006, Tanger's 30 centers represented a gross
leasable area (GLA) of approximately 8,400,000 square feet
(780,000 m2) and consisted of more than 1,800 stores,
representing about 380 store brands.[4] According to its website it
had 150 million shoppers in 2006.[5]
On January 24, 2011, it announced a $1 billion partnership with
Canadian-based
RioCan Real Estate Investment TrustRioCan Real Estate Investment Trust to open up to 15
outlet locations in
CanadaCanada within 7 years. It secured its first
location in the
Greater Toronto AreaGreater Toronto Area of
Milton, OntarioMilton, Ontario at the Highway
401 and James Snow Parkway interchange to be ready for an April 2013
opening. Another planned location would be near the Canadian Tire
Centre and Highway 417 in the western edge of Ottawa.
In November 2012, Tanger announced it will join Simon Property Group
in constructing a new 400,000 sq. ft. center in Charlotte, North
Carolina.
Tenants in its centers include Liz Claiborne, Gap, Banana Republic,
Old Navy, Polo Ralph Lauren, Reebok, Tommy Hilfiger, Nautica,
Abercrombie & Fitch, Hollister, Eddie Bauer,
Brooks BrothersBrooks Brothers and
Nike.
References[edit]